At the moment, when I did the previously technical analysis, we see that there's not signal to closed up our long position, just keep it toward the $12,000 USD.
Now, my first reccomendation for you is to goes to up the Break Even to the $11,300 USD to protect our earnings!!! Waoh, guys, we're in profit and I earning good money on Bitcoin as in Ethereum do. But, that is my first reccomendation to put and use a good break even.
In H4 timeframe, we continue up and the trend is still it.
Now, in H1 timeframe, the simetric triangle was fake becuase on the New York time, Bitcoin was break down until the $11,200 USD and then, goes to up with the strong bullish candlestick ,that it's a manipulation if you entry in short position. Remember that always the market created manipulation to believe that we're going in short when the reality our trend is our best friend to follow and not going against the trend. But, we could see in H1 timeframe that Bitcoin was formed a bullish flag, that is a continuation of the trend. Also, we could see another little sell until the zone of $11,450 USD because the price needs to take a relax befoe to continue up
But in any case, if Bitcoin doesn't touch the blue zone and then, continue above of $11,600 USD in the next hours, we will need to be prepared when Bitcin is reaching in the highest level so nearly to touch our loving take profit that it's $12,000 USD.
As I say you, I do not short Bitcoin toward the $12,000 USD, this level could be a possible supply zone to see any short position in H4 timeframe. Remember H4 timeframe is the key for the intradays traders and I use a lot H4 timeframe to analyze it.
Now, my first reccomendation for you is to goes to up the Break Even to the $11,300 USD to protect our earnings!!! Waoh, guys, we're in profit and I earning good money on Bitcoin as in Ethereum do. But, that is my first reccomendation to put and use a good break even.
In H4 timeframe, we continue up and the trend is still it.
Now, in H1 timeframe, the simetric triangle was fake becuase on the New York time, Bitcoin was break down until the $11,200 USD and then, goes to up with the strong bullish candlestick ,that it's a manipulation if you entry in short position. Remember that always the market created manipulation to believe that we're going in short when the reality our trend is our best friend to follow and not going against the trend. But, we could see in H1 timeframe that Bitcoin was formed a bullish flag, that is a continuation of the trend. Also, we could see another little sell until the zone of $11,450 USD because the price needs to take a relax befoe to continue up
But in any case, if Bitcoin doesn't touch the blue zone and then, continue above of $11,600 USD in the next hours, we will need to be prepared when Bitcin is reaching in the highest level so nearly to touch our loving take profit that it's $12,000 USD.
As I say you, I do not short Bitcoin toward the $12,000 USD, this level could be a possible supply zone to see any short position in H4 timeframe. Remember H4 timeframe is the key for the intradays traders and I use a lot H4 timeframe to analyze it.